Ninety One Group (LON:N91) Hits New 1-Year High – Should You Buy?

Ninety One Group (LON:N91)’s stock price reached a new 52-week high on Monday . The stock traded as high as GBX 251.20 and last traded at GBX 250.40, with a volume of 4792558 shares traded. The stock had previously closed at GBX 238.80.

Wall Street Analyst Weigh In

Several analysts recently issued reports on N91 shares. JPMorgan Chase & Co. dropped their price objective on shares of Ninety One Group from GBX 226 to GBX 222 and set a “neutral” rating for the company in a research note on Friday, November 28th. Deutsche Bank Aktiengesellschaft boosted their target price on Ninety One Group from GBX 165 to GBX 190 and gave the stock a “hold” rating in a report on Tuesday, October 14th. Two analysts have rated the stock with a Hold rating, According to MarketBeat, Ninety One Group has a consensus rating of “Hold” and a consensus target price of GBX 206.

Ninety One Group Trading Up 4.7%

The stock has a market cap of £2.15 billion, a PE ratio of 13.66, a price-to-earnings-growth ratio of 15.99 and a beta of 0.66. The company’s 50-day moving average price is GBX 217.54 and its 200 day moving average price is GBX 207.95. The company has a debt-to-equity ratio of 25.60, a quick ratio of 0.07 and a current ratio of 1.03.

Ninety One Group (LON:N91) last issued its quarterly earnings data on Monday, November 17th. The company reported GBX 8.40 earnings per share for the quarter. Ninety One Group had a return on equity of 42.90% and a net margin of 26.24%. On average, sell-side analysts forecast that Ninety One Group will post 15.1025641 EPS for the current fiscal year.

Insider Activity

In related news, insider Hendrik du Toit purchased 42,946 shares of the company’s stock in a transaction on Thursday, November 20th. The stock was acquired at an average cost of GBX 210 per share, for a total transaction of £90,186.60. Also, insider Kim Mary McFarland purchased 76,988 shares of Ninety One Group stock in a transaction dated Friday, November 21st. The stock was bought at an average cost of GBX 209 per share, for a total transaction of £160,904.92. 0.90% of the stock is currently owned by insiders.

About Ninety One Group

Ninety One Group operates as an independent global asset manager worldwide. It serves private and public sector pension funds, sovereign wealth funds, insurers, corporates, foundations, and central banks, as well as large retail financial groups, wealth managers, public and private equity as well as debt, private banks, and intermediaries. It seeks to invest in South African companies struggling with the economic fallout from the spread of coronavirus. Ninety One Group was founded in 1991 and is headquartered in Cape Town, South Africa with additional offices in Africa.